智通财经网·2025-09-04 07:00Group 1 - Morgan Stanley has raised the revenue forecasts for Fuyao Glass (03606) for 2025, 2026, and 2027 by 0.4%, 2%, and 3% respectively, reflecting the company's increased market share overseas and rising average selling prices in the domestic market [1] - The capital expenditure forecast for 2025 to 2027 has been reduced from 6 billion RMB to 3.5 billion RMB, as the company has completed most of its capacity expansion investments over the past two years [1] - The target price for Fuyao Glass has been increased from 51.5 HKD to 59 HKD, maintaining a rating of "in line with the market" [1] Group 2 - The gross margin forecasts for 2025 and 2026 have been raised by 1.4 and 0.2 percentage points respectively, due to the company's stable gross margin performance in the second quarter and ongoing economies of scale [1] - Net profit and earnings per share forecasts for 2025 have been increased by 8%, while those for 2026 and 2027 have been raised by 2% [1]